I’m moving a conceptual discussion from the BIP PR to this thread. There, Luke Dashjr pointed out that since the nLockTime field is serialized at the very end of a transaction, it makes for a good extranonce. Luke has not provided any details so it’s difficult to address his objection precisely, but i can’t think of a realistic situation where not being able to roll the nLockTime would be a significant issue for a miner.
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